Angat Hydropower Corp to pursue rehabilitation of Angat Dam

By on June 10, 2015

View of Angat Dam from San Lorenzo (Hilltop), Norzagaray, Bulacan.
View of Angat Dam from San Lorenzo (Hilltop), Norzagaray, Bulacan.

MANILA – Angat Hydropower Corp. will rehabilitate the Angat dam, according to San Miguel Corporation president and Chief Operating Officer (COO) Ramon Ang.

”The rehabilitation of Angat dam is a go, that’s in the government agreement,” Ang said in a press conference following the Annual Stockholders Meeting (ASM) Tuesday. However, Ang failed to give the definite timeline for the planned rehabilitation this year.

Ang said San Miguel had signed a deal with Korea Water Resources Corporation last week for a 60-percent majority stake of the Angat Hydropower Corporation which owns the 218-megawatt (MW) hydropower project in Bulacan.

He said consulting firm Poyry Public Limited Company (PLC) will finalize its recommendation soon on how to rehabilitate Angat before awarding the project to a contractor.

Ang said the dam rehabilitation will include fortification of the 40-year-old structure to minimize the risk of damage particularly in the event of a major earthquake.

The Metropolitan Waterworks and Sewerage Systems (MWSS) previously estimated the dam rehabilitation cost at Php 5.7 billion, through the government allocation of Php 1.8 billion, while K-Water will spend Php 3.9 billion.

In 2010, San Miguel made a bid of USD 312.5 million to rehabilitate the facility, but was outbid by K-Water with an offer of USD 440 million.

Angat Dam is also the main supplier of water for Metro Manila.